Understand the Background of Sports Betting
It is vital to understand the background of sports betting if you are considering placing a bet on a sporting event. Sports betting has its roots in the late 1800s and early 1900s and has gained worldwide popularity over the years. However, the first sports betting legislation was very restrictive and in some countries it was outlawed altogether. In the United States, gambling was outlawed during Prohibition and many states still have a negative view of betting.
In ancient Rome, gambling was allowed in the city, and wealthy people used to wager on chariot races, animal fights, and gladiator battles. The Romans eventually spread gambling throughout their empire. The Europeans later enjoyed betting on horse racing, wrestling, and footraces. During the eighteenth century, betting on horse racing became extremely popular, and boxing was also popular.
If you are new to sports betting, you may be confused about how sports betting works. In most cases, bettors place their bets based on a point spread, which is calculated by the bookmaker. For example, Team A is a ten-point favorite to beat Team B. However, if Team A wins by nine points, it would lose, and Team B would win.
The modern form of sports betting emerged from horse racing. During the early eighteenth century, gambling on horses became popular in the United Kingdom. After that, several New World countries followed suit and passed their own gambling laws. The advent of internet casinos and online sports betting also revolutionized the industry. In the US, sports betting is still legal. Canadians and New Zealanders can play on sites like Betway or Guts.